Highlights

  • Britain's inflation rate rose to a 41-year high in October
  • US inflation rate fell to 7.7% in October from 8.2% in September

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UK inflation rises to 41-year high at 11.1%

Food prices and transport costs also propelled inflation higher

UK inflation rises to 41-year high at 11.1%

British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and transport prices in a worsening cost-of-living crisis, official data showed Wednesday.

The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics (ONS) said in a statement.

That compared with 10.1 percent in September, which matched the level in July and was the highest in 40 years.

Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key producer Russia's invasion of Ukraine.

Frequently Asked Questions

UK inflation has accelerated to 11.1 percent, marking the highest level for 41 years.

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